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International

Nelson Bocanegra

Mexico's Incode gets unicorn status after $220 million funding round

8:08am EST

BOGOTA Verification and authentication platform Incode received $220 million in its latest funding round, the company's chief executive said on Tuesday, turning the company into Mexico's sixth tech unicorn.

Grupo Argos will not participate in Nutresa public offer

Dec 06 2021

BOGOTA Colombian conglomerate Grupo Argos on Monday ruled out participating in a public acquisition offer for food producer Nutresa launched by Grupo Gilinski and said it would list some of its assets on international stock exchanges.

Grupo Gilinski launches public offer for minority stake in Grupo SURA

Nov 30 2021

BOGOTA Grupo SURA, Colombia's largest holding company, has received a public acquisition offer for between 25.34% and 31.68% of its circulating shares from financial conglomerate Grupo Gilinski, the financial regulator and stock exchange said late on Tuesday.

Colombia, Chile and Peru stock exchanges approve merger

Nov 30 2021

BOGOTA The Colombian, Chilean and Peruvian stock exchanges have approved a merger into a regional holding company, they said, creating Latin America's second biggest bourse.

Colombia's consumer price growth to have accelerated in November: analysts - Reuters poll

Nov 29 2021

BOGOTA Colombia's inflation in November is forecast to have stepped up a gear compared to the previous month as supply chain issues weigh on local and international prices, an effect forecast to roll into next year, a Reuters' poll revealed on Monday.

Two major shareholders of Colombia's Nutresa to analyze majority-stake offer

Nov 26 2021

BOGOTA Two of the biggest shareholders in Colombia's Nutresa, the country's largest processed food producer, will analyze a public offer to buy a majority stake in the company, they said on Friday.

Rappi hopes to be operating as digital bank in Colombia by early 2022, executive says

Nov 08 2021

BOGOTA Delivery mobile application Rappi hopes to get regulatory approval to operate as a digital bank in Colombia in the first quarter of next year, an executive said on Monday.

Colombian beetles exported to Japan with help from cryptocurrency

Nov 04 2021

TUNJA, Colombia A Colombian exporter of long-horned beetles, a popular pet for Japanese children, has created its own cryptocurrency to avoid high commissions on international sales. | Video

UPDATE 2-Colombia central bank raises interest rate to 2.5% in majority decision

Oct 29 2021

BOGOTA, Oct 29 Colombia's central bank board raised the benchmark interest rate by 50 basis points to 2.5% on Friday, accelerating rate increases meant to control inflation well-above the target rate.

Market, central bank board divided ahead of Colombia rate decision

Oct 29 2021

BOGOTA, Oct 29 Colombia's central bank board is set to raise its benchmark interest rate at its meeting on Friday, but the market - and likely the seven-member board - is divided over how sharply policymakers will increase borrowing costs.

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